APMM FY & Q4 2023 Financial Results
Fourth quarter 2023
Terminals
Development in EBIT (USDM) and EBIT margin (%)
400
40%
300
.
Revenue increased by 2.0% to USD 1.0bn due to 3.2%
higher volume (6.8% like-for-like) driven by the
Americas and Africa
200
100
•
EBIT on par at USD 234m, with decreasing storage
revenue being offset by higher volume, tariff
increases and inflation offsetting cost initiatives
ROIC (LTM) increased to 10.5%, well above pre-
congestions levels
CAPEX increased to USD 220m (USD 132m) due to
progress made on ongoing modernisation projects in
Los Angeles and Port Elizabeth, USA and Barcelona,
Spain
EBITDA
0
Minu
30%
20%
10%
0%
-100
Q4 21
Q122
Q3 22
Q3 22
Q4 22
EBIT
Q1 23
EBIT margin
Q2 23
Q3 23
Q4 23
-10%
Q4 2023
(USDM)
Q4 2022
FY 2023
FY 2022
(USDM)
(USDM)
(USDm)
Revenue
1,019
999
3,844
4,371
303
288
1,278
1,535
EBITDA margin
29.7%
28.8%
33.2%
35.1%
EBIT
234
232
980
832
EBIT margin
23.0%
23.2%
25.5%
19.0%
Gross capital expenditures
220
132
541
516
20
APMM FY & Q4 2023 Financial Results
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